OGK-5’s net profit goes down 35% in 2006
12 July 2007 (08:56)
The Fifth Power Generation Company (aka OGK-5) came up with a financial report for 2006 drawn up in compliance with the international accounting standards. The company’s report for 2005 was prepared last fall when Sredneuralskaya and Reftinskaya power stations had not joined them yet. OGK-5’s net profit decreased down to 3.2 billion RUR, or by 35%, in 2006.
According to Vedomosti newspaper, the company’s EBITDA amounted to $89 million, with profitability coming to 9.8% instead of the 13.9% predicted by Aton and 16.4% predicted by Troika Dialog. This made Aton experts refer to OGK-5’s results as ‘weak’ and suggest selling their shares.
OGK-5 comprises four power stations (Konakovskaya, Nevinnomysskaya, Sredneuralskaya and Reftinskaya) with the total capacity of 8,672 megawatts.
According to Vedomosti newspaper, the company’s EBITDA amounted to $89 million, with profitability coming to 9.8% instead of the 13.9% predicted by Aton and 16.4% predicted by Troika Dialog. This made Aton experts refer to OGK-5’s results as ‘weak’ and suggest selling their shares.
OGK-5 comprises four power stations (Konakovskaya, Nevinnomysskaya, Sredneuralskaya and Reftinskaya) with the total capacity of 8,672 megawatts.
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